#TLM

📐 Patterns:

1. Rising Wedge

The price has been moving within an increasingly narrowing and rising channel.

This pattern technically indicates a bearish signal.

As seen in the chart, after touching the upper band, the breakout occurred downward.

2. Double Top Structure (Top 1 & Top 2)

There are two peak formations present, indicating a double top pattern.

A double top signifies that the upward movement is slowing and a trend reversal signal is given.

🎯 Target Levels:

Target TypeLevel (USDT)First Drop Target0.005460Main Drop Target0.004497

These targets have been calculated based on the projection of the wedge height in the direction of the breakout.

💡 Technical Indicators and Comments:

Current price: 0.006011

The rising wedge breakout has occurred.

Downward pressure is observed to be increasing.

Supports: 0.005460 and then 0.004497

Resistance: If there is a return to the 0.006050 area, the wedge structure would be violated (can be used as a stop level).

📉 Scenario Analysis:

🐻 Bear Scenario (Active):

Selling pressure has started with the wedge breakout.

First target: 0.005460

Main target: 0.004497

🐂 Bull Scenario (Invalidated):

If it had jumped above the upper resistance of the wedge, the range of 0.0062-0.0064 could have been targeted.

However, for now, this scenario appears technically invalid.

✅ Conclusion:

The technical structure looks negative (bearish).

The breakout has occurred, and the downward movement has been confirmed.

Gradual targets in order:

➤ 0.005460

➤ 0.004497